United Wire Factories Co. Announces an update on its previous announces for signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company) for the possible acquisition of a share in the ownership of Themar Food and Catering Company.
| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement by United Wire Factories Co. of signing a (non-binding) Memorandum of Understanding on October 21, 2021 AD with Themar Food and Catering Company for the possible acquisition of a share in the ownership of Themar Food and Catering Company upon reaching a final agreement between the two parties, and since the announcement of the signing of a memorandum The aforementioned understanding indicates the expiry of the memorandum of understanding term after 90 days from the date of its signing, subject to renewal with the approval of both parties.
The company announces its agreement with Themar Food and Catering Company under an appendix to the memorandum of understanding to extend the memorandum of understanding (non-binding) for a period of (60) sixty days, and it can be extended for other periods according to a written agreement between the two parties, for the purpose of completing the due diligence audit. |
| Previous Announcement | United Wire Factories Co. announces signing a Memorandum of Understanding with Themar for Food and Catering Company (Limited Liability Company) |
| Date of Previous Announcement on Tadawul’s Website | 2021-10-24 Corresponding to 1443-03-18 |
| Percentage of fulfilled achievement | not applicable |
| Event’s Expected Completion Date | not applicable |
| Reasons for Exceeding the Announced End Date | not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | not applicable |
| Impact of the Delay on the Company’s Financial Results | not applicable |
| Additional Information | not applicable |